Component: (Network and Table) | |
---|---|
Network | 1007000 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS (http://www.acadiarealty.com/role/ConsolidatedStatementsOfCashFlows) |
Table | Statement [Table] |
Reporting Entity [Axis] | 0000899629 (http://www.sec.gov/CIK) |
Scenario [Axis] | Scenario, Unspecified [Domain] |
Statement [Line Items] | Period [Axis] | ||
---|---|---|---|
2012-01-01 - 2012-12-31 | 2011-01-01 - 2011-12-31 | 2010-01-01 - 2010-12-31 | |
CASH FLOWS FROM OPERATING ACTIVITIES | |||
Net income | 89,936,000 | 53,715,000 | 50,667,000 |
Adjustments to reconcile net income to net cash provided by operating activities | |||
Depreciation and amortization | 38,769,000 | 33,683,000 | 34,499,000 |
Amortization of financing costs | 3,569,000 | 3,918,000 | 6,054,000 |
Gain from bargain purchase | 0 | 0 | (33,805,000) |
Gain on sale of property | (71,203,000) | (46,830,000) | 0 |
Loss (gain) on debt extinguishment | 2,739,000 | (1,268,000) | 0 |
Gain on involuntary conversion of asset | (2,368,000) | 0 | 0 |
Reserve for notes receivable | 405,000 | 0 | 0 |
Impairment of asset | 0 | 6,925,000 | 0 |
Amortization of discount on convertible debt | 0 | 829,000 | 1,042,000 |
Non-cash accretion of notes receivable | (453,000) | (786,000) | (6,164,000) |
Share compensation expense | 4,021,000 | 4,299,000 | 4,104,000 |
Equity in earnings of unconsolidated affiliates | (1,579,000) | (1,555,000) | (10,971,000) |
Distributions of operating income from unconsolidated affiliates | 3,733,000 | 5,515,000 | 12,124,000 |
Other, net | 731,000 | 724,000 | 4,237,000 |
Changes in assets and liabilities | |||
Cash in escrow | 2,035,000 | 7,319,000 | (20,028,000) |
Rents receivable, net | (6,757,000) | (8,894,000) | (4,662,000) |
Prepaid expenses and other assets | 1,283,000 | (5,906,000) | 4,297,000 |
Accounts receivable from related parties | (250,000) | 1,034,000 | (2,408,000) |
Accounts payable and accrued expenses | (5,648,000) | 14,513,000 | 1,874,000 |
Other liabilities | 709,000 | (903,000) | 3,517,000 |
Net cash provided by operating activities | 59,672,000 | 66,332,000 | 44,377,000 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Redevelopment and property improvement costs | (241,894,000) | (116,408,000) | (2,849,000) |
Redevelopment and property improvement costs | (88,787,000) | (65,090,000) | (77,671,000) |
Deferred leasing costs | (7,275,000) | (6,298,000) | (3,904,000) |
Insurance proceeds from involuntary conversion of asset | 3,672,000 | 0 | 0 |
Investments in and advances to unconsolidated affiliates | (160,888,000) | (54,981,000) | (19,116,000) |
Return of capital from unconsolidated affiliates | 22,296,000 | 4,504,000 | 785,000 |
Proceeds from notes receivable | 25,388,000 | 56,519,000 | 42,010,000 |
Issuance of notes receivable | (108,629,000) | (34,343,000) | 0 |
Proceeds from sale of property | 419,372,000 | 62,940,000 | 0 |
Net cash used in investing activities | (136,745,000) | (153,157,000) | (60,745,000) |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Principal payments on mortgage notes | (549,095,000) | (161,389,000) | (127,823,000) |
Proceeds received on mortgage notes | 433,815,000 | 144,959,000 | 175,793,000 |
Purchase of convertible notes payable | 0 | (48,997,000) | (240,000) |
Increase in deferred financing and other costs | (6,772,000) | (2,877,000) | (6,830,000) |
Capital contributions from noncontrolling interests | 172,228,000 | 117,945,000 | 33,556,000 |
Distributions to noncontrolling interests | (161,765,000) | (8,605,000) | (1,638,000) |
Dividends paid to Common Shareholders | (32,143,000) | (29,033,000) | (28,909,000) |
Proceeds from issuance of Common Shares, net of issuance costs of $762, $206 and $0, respectively | 223,477,000 | 44,659,000 | 0 |
Repurchase and cancellation of Common Shares | (762,000) | (726,000) | (966,000) |
Other employee and trustee stock compensation, net | 91,000 | 109,000 | 209,000 |
Net cash provided by financing activities | 79,074,000 | 56,045,000 | 43,152,000 |
Increase (decrease) in cash and cash equivalents | 2,001,000 | (30,780,000) | 26,784,000 |
Cash and cash equivalents, beginning of period | 89,812,000 | 120,592,000 | 93,808,000 |
Cash and cash equivalents, end of period | 91,813,000 | 89,812,000 | 120,592,000 |
Supplemental disclosure of cash flow information | |||
Cash paid during the period for interest, net of capitalized interest of $5,955, $4,850, and $2,903, respectively | 32,327,000 | 32,120,000 | 31,920,000 |
Cash paid for income taxes | 941,000 | 3,776,000 | 1,263,000 |
Supplemental disclosure of non-cash investing activities | |||
Acquisition of real estate through assumption of debt | 63,766,000 | 0 | 0 |
Acquisition of real estate through issuance of OP Units | 2,279,000 | 0 | 0 |
Acquisition of real estate through conversion of notes receivable | 14,000,000 | 0 | 0 |
Acquisition of interest in unconsolidated affiliates | |||
Real Estate, net | 0 | 0 | (108,000,000) |
Assumption of mortgage debt | 0 | 0 | 25,990,000 |
Gain from bargain purchase | 0 | 0 | 33,805,000 |
Other assets and liabilities | 0 | 0 | 7,532,000 |
Investment in unconsolidated affiliates | 0 | 0 | 37,824,000 |
Cash included in investment in real estate | 0 | 0 | (2,849,000) |